Scientific Games this afternoon completed a long-awaited, two-part bond deal in support of its acquisition of Bally Technologies, via a J.P. Morgan-steered underwriting team that includes Bank of America, Deutsche Bank, Fifth Third, HSBC, and PNC, according to sources. The secured notes were finalized at the tight end of guidance, while the unsecured tranche was inked at the wide end of talk, with a discounted reoffer price. Recall that the underwriters initially shifted $250 million from the secured tranche to term debt to be held by arrangers, but it came back to the bond deal earlier today. In addition to that revision, the leads made changes to various covenants, including on permitted investments, permitted indebtedness, restricted payments, permitted liens, change of control, and guarantees. The issuing entity is SGMS Escrow. Terms:
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